Sun Microsystems Slips on Acquisition News

EBay agrees to acquire; Continental Airlines gains; plus more of Thursday's stocks in the news

Shares of Sun Microsystems (SUNW ) fell Thursday after the company agreed to acquire Storage Technology (STK ) for $37 per share cash and a deal valued at about $4.1 billion, including debt assumption of employee stock options. The company expects the transaction to be accretive to non-GAAP earnings per share in the first 12 months following closing.

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